Private foundation do’s and don’ts: Common self-dealing issues
(authored by RSM US LLP) Private foundations generally may not engage in transactions with disqualified persons, even under terms that are favorable to the private foundation.
Strategic procurement can help combat market uncertainty and control costs
(authored by RSM US LLP) Improving procurement processes can help organizations reduce supply chain risks while increasing value and resilience.
Digital transformation and the middle market
(authored by RSM US LLP) The RSM US Middle Market Business Index survey shows that digital transformation is an important topic for business leaders
Risk of losing tax-exempt status could be disruption for many nonprofit hospitals
Hospitals with tax-exempt status face legislative scrutiny as Congress discusses the value of the tax-exemption benefit received by nonprofit hospitals.
FAQ: Capitalization and amortization of R&D costs under new section 174 rules
See how the new required tax treatment of R&D costs under section 174 affects federal, state, and international taxes, as well as software development.
Tax-advantaged health reimbursement arrangement for employees
Health reimbursement arrangements (HRAs) allow employers to pay employees’ medical expenses on a tax-free basis.
Health savings account benefits for employees and employers
Employee interest in health savings accounts (HSAs) has increased so employers should understand the benefits of offering them to employees.
IRS releases spending plan for $80 billion IRA funds
The IRS issued an ambitious strategic operating plan for spending $80 billion in additional funding provided by the Inflation Reduction Act.
Tax-exempt organizations: Clean energy incentives and direct pay
(authored by RSM US LLP) The IRA enables tax exempt entities to realize liquidity for certain energy related credits and incentives.
FASB votes to simplify accounting for common control leases
(authored by RSM US LLP) For common control leases, the FASB is drafting amendments to simplify determining whether a lease exists, the classification of the lease, and accounting for leasehold improvements.
Retirement plan changes for long-term, part-time employees
(authored by RSM US LLP) SECURE 2.0 changes the rules for how long-term, part-time employees are treated for purposes of 401(k) and 403(b) retirement plans.
Required minimum distributions after SECURE 2.0
(authored by RSM US LLP) SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.